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Company in the news
Hong Lai Huat terminates joint venture to explore and mine mineral resources in Cambodia
Hong Lai Huat and HSC Group mutually end JV agreement to explore and mine mineral resources in Cambodia.
January 05, 2023
Contracts
Keppel and Awilco Drilling part ways on construction of mid-water harsh environment rig contract worth US$425 mil
Keppel FELS has received a notice from Awilco Drilling’s wholly-owned subsidiary Awilco Rig, to terminate a contract to build a mid-water semisubmersible drilling rig for harsh environment use, on Monday.
June 09, 2020
M&A
Global Invacom cancels $280 mil acquisition of Tactilis due to 'difficulties' meeting agreement terms
SINGAPORE (April 22): Global Invacom, has cancelled its proposed US$200 million ($280 million) acquisition of Tactilis due to “difficulties in fulfilling all of the conditions precedent” in the sale purchase agreement (SPA) it signed with the vendor l
April 22, 2019
M&A
Singapore Myanmar Investco's sale of TPR Myanmar crumbles over unmet terms
SINGAPORE (April 8): Singapore Myanmar Invesco’s (SMI) intended sale of its telecommunication infrastructure subsidiary, TPR Myanmar, to Tiger Infrastructure for US$10.8 million ($14.4 million) has fallen through after the latter failed to fulfil terms
April 08, 2019
Management & Corporate Governance
Pine Capital hit by allegations of control lapses, conflict of interest; requests trading suspension
SINGAPORE (Mar 22): Pine Capital Group’s board of directors have asked for a trading suspension with immediate effect.
March 22, 2019
Property
Oxley's potential $950 mil deal falls through after Gracious Land defaults on $38 mil deposit
SINGAPORE (Mar 20): Oxley Gem, a subsidiary of Oxley Holdings, has terminated the letter of intent (LOI) it received from Gracious Land in Jan for the $950 million purchase of its Mercure and Novotel hotels, after not receiving a subsequent deposit of $38
March 20, 2019
Update
Second potential offeror rescinds expression of interest to acquire Procurri less than 24 hours later
SINGAPORE (Feb 8): Procurri Corporation says the second potential offeror to express interest in acquiring the company after New State Capital Partners LLC has now decided to terminate further discussions on the matter.
February 08, 2019
Property
HLH Group scraps $16 mil sale of D'Seaview Hotel on payment issues
SINGAPORE (Dec 12): Hong Lai Huat Group (HLH Group) is terminating its $15.7 million sale of D’Seaview Hotel, a component of the group’s mixed-use development project in Cambodia.
December 12, 2018
Addvalue Technologies aborts share placement agreement with KGI Securities
SINGAPORE (June 19): Addvalue Technologies and KGI Securities (Singapore) have mutually agreed to terminate with immediate effect the placement agreement announced on April 30.
June 19, 2018
Datapulse calls off $10.5 mil acquisition of Toa Payoh industrial property
SINGAPORE (Nov 14): Datapulse Technology has terminated its option to purchase an industrial property located in Toa Payoh for a consideration of $10.5 million, after failing to obtain an approval it required to proceed with the acquisition.
November 14, 2017